NASDAQ · Financial Statements

Solana Company (HSDT) Financial Statements

$2.26 NASDAQ: HSDT Market Cap $131.95M

Solana Company most recently reported annual revenue of $6.0M, a net loss of $41.0M. Revenue grew at an average annual rate of 43.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Solana Company: net profit was positive in 0 of 10 reported years; operating margin moved from -5580.5% to -351.0%, a shift of +5229.5 percentage points; the most recent year shows a net loss of $41.0M.

Income Statement — 10 Years (USD millions)

Metric2015201720182019202020212022202320242025
Revenue$0$0$0$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$6.0M
Operating Expenses$9.0M$23.0M$27.0M$25.0M$15.0M$19.0M$16.0M$13.0M$14.0M$27.0M
Operating Profit$-9.0M$-23.0M$-27.0M$-24.0M$-14.0M$-18.0M$-16.0M$-12.0M$-14.0M$-21.0M
Operating Margin0.0%0.0%-5580.5%-1604.0%-2129.5%-3475.5%-1971.5%-1929.8%-2673.7%-351.0%
Other Income$2.0M$-5.0M$-2.0M$14.0M$0$0$1.0M$4.0M$2.0M$-20.0M
Interest$0$0$0$0$0$0$1.0M$0$0$1.0M
Depreciation$0$0$0$0$0$0$0$0$0$1.0M
Profit Before Tax$-7.0M$-28.0M$-29.0M$-10.0M$-14.0M$-18.0M$-14.0M$-9.0M$-12.0M$-41.0M
Tax$0$0$0$0$0$0$0$0$0$0
Net Profit$-7.0M$-28.0M$-29.0M$-10.0M$-14.0M$-18.0M$-14.0M$-9.0M$-12.0M$-41.0M
EPS$-524.65$-1316.05$-1099.19$-324.78$-294.93$-184.51$-26.06$-7.28$-4.33$-1.85
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$0$0$0$0$0$0$0$0$1.0M$5.0M$4.0M$3.0M
Operating Expenses$3.0M$2.0M$4.0M$3.0M$4.0M$3.0M$4.0M$3.0M$6.0M$14.0M$5.0M$11.0M
Operating Profit$-3.0M$-2.0M$-3.0M$-3.0M$-4.0M$-3.0M$-4.0M$-3.0M$-5.0M$-9.0M$-2.0M$-9.0M
Operating Margin-2204.9%-1676.1%-2530.4%-1796.7%-7980.4%-2070.4%-8185.7%-7725.6%-704.5%-169.8%-48.3%-343.1%
Interest$0$0$0$0$0$0$0$1.0M$0$0$0$0
Profit Before Tax$-4.0M$-1.0M$-3.0M$-2.0M$-4.0M$-4.0M$-4.0M$-10.0M$-353.0M$326.0M$-100.0M$-30.0M
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$-4.0M$-1.0M$-3.0M$-2.0M$-4.0M$-4.0M$-4.0M$-10.0M$-353.0M$326.0M$-100.0M$-30.0M
EPS$-2.74$-0.73$-1.54$-0.64$-0.99$-1.45$-1.42$-3.99$-32.89$4.25$-1.30$-0.38

Over the 10 years reported for Solana Company, cash stood at $7.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 10.33 times.

Balance Sheet — 10 Years (USD millions)

Metric2015201720182019202020212022202320242025
Total Assets$4.0M$7.0M$28.0M$10.0M$7.0M$14.0M$17.0M$8.0M$4.0M$304.0M
Current Assets$4.0M$7.0M$27.0M$7.0M$5.0M$13.0M$17.0M$7.0M$3.0M$31.0M
Cash$3.0M$6.0M$26.0M$5.0M$3.0M$11.0M$15.0M$5.0M$1.0M$7.0M
Inventory$0$0$0$1.0M$0$0$1.0M$0$1.0M$1.0M
Receivables$0$1.0M$0$1.0M$0$0$0$1.0M$1.0M$0
Fixed Assets$0$0$1.0M$1.0M$1.0M$0$0$0$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0$76.0M
Other Assets$0$0$0$1.0M$1.0M$1.0M$0$0$0$0
Total Liabilities$4.0M$14.0M$18.0M$5.0M$3.0M$3.0M$9.0M$5.0M$2.0M$3.0M
Current Liabilities$2.0M$14.0M$18.0M$4.0M$2.0M$3.0M$2.0M$2.0M$2.0M$3.0M
Borrowings$0$0$0$1.0M$0$0$0$0$0$0
Other Liabilities$4.0M$14.0M$18.0M$4.0M$3.0M$3.0M$9.0M$5.0M$2.0M$3.0M
Equity$24.0M$52.0M$0$0$0$0$0$0$0$0
Reserves$0$-7.0M$10.0M$6.0M$4.0M$11.0M$8.0M$2.0M$1.0M$301.0M

For Solana Company, operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $61.0M; free cash flow was positive in 0 of 10 years; financing activities used $17.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2015201720182019202020212022202320242025
Operating Cash Flow$-8.0M$-19.0M$-20.0M$-21.0M$-12.0M$-13.0M$-14.0M$-10.0M$-11.0M$-17.0M
Investing Cash Flow$8.0M$0$-1.0M$-1.0M$0$0$0$0$0$-471.0M
Financing Cash Flow$0$0$0$0$0$0$0$0$4.0M$-17.0M
Net Cash Flow$2.0M$3.0M$20.0M$-20.0M$-2.0M$8.0M$4.0M$-9.0M$-4.0M$6.0M
Free Cash Flow$0$-20.0M$-20.0M$-21.0M$-12.0M$-13.0M$-14.0M$-10.0M$-11.0M$-61.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.00
EV / EBITDA-1.11
FCF Yield-17.55%
Quick Ratio13.31
Interest Coverage-355.90
Return 1Y-76.78%
Return 3Y-99.97%
Return 5Y-100.00%

Solana Company (HSDT) financials — frequently asked questions

What is Solana Company's annual revenue?

Solana Company (HSDT) reported annual revenue of $6.0M in its most recent fiscal year.

What is Solana Company's net profit?

Solana Company (HSDT) reported a net loss of $41.0M in its most recent fiscal year.

What is HSDT EV/EBITDA?

Solana Company's enterprise value to EBITDA (EV/EBITDA) ratio is -1.11. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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